EJ: RISING WEDGE CONTINUATION VS LEADING DIAGONALFirst, We will wait which one is definitely give us a confirmation which direction to go.
Goodluck everyone!
Elliottwaveforecasts
EURAUD, 4-hour timeframe, C movement of ABC correctionBased on the 4hr timeframe we could see price already finished with B correction of ABC movement from elliott wave. After B is finished, C is expected to come in and it usally go to around 61.8 - 127.2 fibonacci retracemen of B.
I already have 1 buy position from 1.6190 and planning to add another buy position.
During friday price finally managed to closed above 1.6240-1.6270 resistance which is a good news for bulls.
This pair offers a good RR ratio currently as i believe AUD wil go down so EURAUD will shoot up.
Buy EURAUD 1.6260
Stop loss 1.6190
Take profit 1 @ 1.6420 (first resistance)
Take profit 2 @1.6550 (second resistance)
Take profit 3 @1.6680 (127.2 fibonacci retracement)
Good Luck
Tesla going even higherWe might see even higher prices on tesla reaching the 1700$.
Then it could develop a time consuming sideways move before reaching higher highs
USDCAD BULLISH RALLYThe USDCAD chart below is analyzed using both elliott wave and Demand and supply zone(the two most powerful technical analysis tools).The wave 2 of wave 3 extension is a potential zigzag in formation which on completion will end in the Demand zone(potential zone where buyers will come into the market massively) hence, a bullish rally is expected to end at the 1.618(no extension) or 2.618 (extension) fibonacci level as those are levels where wave 3 tends to end.The risk to reward ratio is compelling.......more pips guys....Kingofthemarket says hi
BITCOIN (BTCUSD) late 2017-like EXPLOSIVE BULL MARKET is CLOSE Bitcoin (BTCUSD) has been in a massive multi-year triangle consolidation pattern since last 2017.
Wave E of the triangle has completed a Leading Diagonal minor "a of E."
Next is a higher minor "b of E" to retest falling upper trendline of the multi-year triangle.
After we should get a violent minor wave "c of E" drop to between lower trendline and 61.8% Fibonacci retracement of wave D.
Till more price waves develop down it will be hard to predict its exact end right now but will be in the range of $4,500 and $6,500.
This area will be the accumulation zone for the new bull market.
I believe later this summer to October will be when the next explosive leg up begins to take us above $20,000 VERY quickly - similar to what happened in the fall to the end of the year 2017.
Patience is needed now for final wave E to complete with another drop in the coming minor wave "c of E."
Cheers!
Cyrus
DXY US DOLLAR INDEX ABOUT TO EXPLODE HIGHER DXY US DOLLAR INDEX completing wave ii of 3 of C HIGHER.
This jives and confirms my Elliotwave bearish analysis on the S&P Futures (SPX500USD) just posted.
See link to S&P Forecast below.
Cheers!
Cyrus
EURJPY is creating the last impulse 🦐EURJPY is creating the last impulse According to Plancton strategy, we can set a nice order
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Follow the Shrimp 🦐
BTCUSD- D-Wave Fall Below 8900 in X-Wave Triangle Can TroubleDisclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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Proposed X-Wave Triangle. Fall Below 8900 - Can Trouble The Bitcoin. Can we get the desired fall to 5000 odd levels below "8900" strictly - Let us wait & watch as time unfolds.
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Thanks for reading the idea
GOLD, XAUUSD, USD, U.S. DOLLAR INDEX, GOLD V.S. DXY ELLİOTT WAVEGold and dollar are moving in reverse correlation. The formation harmony I mentioned in this week and in July will be clear.
EURCHF Starts third wave 🦐EURCHF Starts third wave, we are waiting for the Plancton's signals to set a nice long.
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Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Boeing elliot wave predictionBoeing has probably finished (if it does not make a new low) cycle wave II and is heading for cycle wave III which will be over $705 and upto $900.
Then cycle wave IV and finally cycle wave V which will be over $1300 and upto $1800
Risk disclaimer
This prediction is based on my personal opinion and this article does not suggest you to make any trades. I am not responsible for any future losses using the information above.
GBPUSD be ready to sellI suppose few people expected sudden rush of protests in US which have punched US market and dollar itself, however, this is what we need to work with now. Now I can see an Elliott impulse wave is built. it means we are going to have a way down on GBPUSD (and many orher USD pairs as well) soon. The protests may continue for some time now, however, they will definitely finish in a not a distant future.
GBPUSD be careful. Do not rush into it now!I saw some analysys presuming GBPUSD would move up in the near future. However, now I do now see much evidence of possible strong upward impulse. We have 2 most probable options: 1st - there is a corrective Elliot wave which after impulse downward is possible, and 2nd - there is a new channel is being constructed, so the price would move inside of it. My advice is not to rush into it right now, but to wait for more proofs.
AUDUSD LONG -FULL WAVE COUNTHere is my full wave count on AUDUSD. Wave (5) in the current main wave with another five sub wave in it.
In the sub wave, wave 3 is currently active.
The five wave (sub) of wave five becomes invalid only if price settles below 0.65123.
Please leave a like if you agree with this setup.
EURUSD LONG - WITH WAVECOUNTEURUSD is currently playing wave (3) of (iii). A great long setup.
The long setup can only be invalid if price settles below 1.09340.
Please leave a like if you agree with this idea.
Bajaj finance - wedge patternNSE:BAJFINANCE in detail
As per technically stock might seem bullish, research firms have given the target that it can reach 5800+++,
It might reach but still technically stock is in wedge pattern and travelling in final leg of the pattern (E(c)).
as per this pattern stock might complete by reaching 5200+++ and come down.
Let see what happens in future
Disclaimer - post are only for educational purpose
for further details please reach us through writetomonk@gmail.com or 9884344490
PING AN prediction till 2021 year by Powerful TradersHello everyone!
Traders, we do not like to write more.
The prediction of the PING AN' price you can find on a chart!
Regards, Team Traders "Powerful Traders"
EURUSD SELLWill be looking for a sell in London or NY session after the retest of the indicated candle on lower Time Frame
CADJPY LONGI think this might be a great setup to observe.
Disclaimer: This is only an idea and should not be taken as a trading signal.
Further drop of the GBPJPY pairI expect a further drop for the gbpjpy pair due to its descending movement, for me in the short term we will see a decline
